In 2011, global tyre market reached USD 150 Billion, which is expected to grow further till 2016. Where, Brazil tyre market is anticipated to grow at CAGR of around 5% with the huge demand growth due to the increasing sales of automobiles in the country. Global and Brazil Tyre market are growing at a much faster pace than anticipated initially. Lower automobile market penetration with increasing tyre demand is driving the industry growth exponentially.

Till the end of 2011, Pirelli was leading the market with majority tie ups with OEM’s which is the largest revenue segment followed by Goodyear, Bridgestone and others. However, the market share trends are expected to encounter strong changes from the current trend by 2016 which would lead the market dynamics to new heights. Industry Analysis

According to “Brazil Tyre Market Forecast & Opportunities, 2016” Brazil tyre market will witness phenomenal growth in near future. The outlook for the Tyre market in Brazil seems very promising as the overall consumer spending and population is on rise. Better quality tyres are available at affordable price due to the number of players in the market where retreading has proved to be an added advantage where it has the second largest base across the globe. company profile information